Global Sugar Manufacturing Over the five years to 2018, the Global Sugar Manufacturing industry experienced massive fluctuations in global sugar prices. Increasing diversion of sugar stocks for ethanol production and adverse weather conditions caused instability in the sugar stocks-to-use ratio, which in turn caused the world price of sugar to experience intense volatility over the past five years. In all, industry revenue is anticipated to decrease. Volatility in the world price of sugar and industry revenue is expected to continue through 2023. However, despite ongoing fluctuations, the world price of sugar is anticipated to moderately increase because of higher global demand for sugar and sugar-heavy products, along with higher energy prices, which prompt demand for alternative fuel sources such as ethanol. Additionally, as demand from developing nations continues to grow and as trade barriers are increasingly removed, global production and international trade of sugar is anticipated to rise. As a result of these factors, industry revenue is anticipated to increase.
Companies in this industry manufacture raw sugar, liquid sugar, refined sugar and molasses. Sugar and molasses can be derived from either giant grass called sugarcane or the root vegetable sugar beet. This raw material is processed into a range of sugar products for industrial and consumer uses. The final products are sold to grocery wholesalers and retailers, organic chemical manufacturers and food manufacturers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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67 pages •
By Euromonitor International
• Jan 2021
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